Mortgage Rates & Information

Daily Mortgage News Homeowners facing foreclosure are not alone! Donald Trump himself and his lenders had to temporarily suspend litigation on his Chicago Hotel project. They have about 90 days to negotiate a settlement over the 92 story development. This will help Trump finish the construction on [Read More]

Daily Mortgage News HSBC is out! HSBC is a UK based bank that at one point was America's top subprime lender, which explains their shutting down in the US! The American retail bank and credit card division of HSBC will remain open here in the states. HSBC has actually been renamed HFC & Be [Read More]

Daily Mortgage News We have an interesting week ahead of us. Most important President Obama's Homeowner and Stability Plan, which is going to help stabalize  the market and let homeowners refinance, will be giving us details by Wednesday. Stay tuned because once those details are rel [Read More]

Daily Mortgage News Refinancing will soon be an option again. If you own a home and owe up to 5% more than your homes value you will now qualify to refinance. Your mortgage just has to be held by Fannie Mae or Freddie Mac. This is the President and Congress trying to limit the number of foreclosur [Read More]

Daily Mortgage News The government is winning points in the mortgage industry with me! They are currently trying to help First Time Homebuyers with credit offers of up to $8,000.00 to tax payers who qualify.  This is under The American Recovery and Reinvestment Act of 2009 in the form of a ta [Read More]

Daily Mortgage News JP Morgan Chase has cut their stock dividend from .38 cents to .05 cents per share which is 87%! Chase actually did this hoping that it would allow them to pay back the the$25 Billion from TARP. JP Morgan Chase is not the only bank trying this though, Bank of America has cut th [Read More]

Daily Mortgage News Bank of America and Citigroup's shares went down 20%  because they might become Temporarily Nationalized. In the end no one really wants this done, Senate Banking Commitee Chairman and the Obama Administration are trying what they can to avoid this but it might have to [Read More]

Daily Mortgage News Let's talk about something good today. Lets talk about Rates! It's the 2nd straight week that rates dropped. They fell a minimum of 12 basis points. This information is recieved through the Primary Mortgage Market Survey. C'mon people let's try too boost the eco [Read More]

Daily Mortgage News President Obama is at it again, and I like it! President Obama is trying to create a $75 billion dollar stability program for "responsible homeowners." That term is meant for consumers who purchased their home with a down payment and have not been late on their mortga [Read More]

Daily Mortgage News There is $350 Billion left to help our banks which is good new to us. This time around they have tighter restrictions on this money which will ensure that the banks are putting the money to good use. Now the banks have to come up with plans and provide monthly reports to the Tr [Read More]